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Technology Stocks : CheckFree (CKFR)

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To: rfkc who wrote (2736)3/21/1998 8:06:00 AM
From: Benny Baga  Read Replies (1) of 8545
 
>>>When MSFT joined with FDC the comments were that MSFT would provide the technology and FDC the processing know how? So what now? Citibank is going to be the technology provider in this new venture? Technology is going to be provided on IBM systems? Is MSFT now saying that "dinosaur" bank systems are in? I smell desperation.

My understanding was that MS was to do the front end and FDC was to do the backend. FDC has a mainframe Backend, the transactions would initially pass through a NT server, the transactions would be churned by the FDC Mainframe.

As for Citi, the true Danger is for FDC (as i see it). FDC currently processes CC for Chase, etc., If Citi joins forces with FDC, some of FDC's current customers will not be too happy. IMO.

Benny (have a good Weekend!)
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